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Swedish government aims to buy 10 million CERs
12 December 2013A Swedish government agency has issued a call for Clean Development Mechanism (CDM) project proposals, after announcing plans to buy up to 10 million carbon offsets.
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Mainstream launches capital-raising arm
12 December 2013Project developer Mainstream Renewable Power has launched a new company designed to raise €2.4 billion ($3.3 billion) of capital from institutional investors.
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EU governments nearing deal on backloading
11 December 2013Most EU countries have called for swift implementation of a plan to boost prices in the EU Emissions Trading System (ETS) and have backed a Commission proposal on how to implement the plan.
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EBRD stops lending to most coal projects
11 December 2013The European Bank for Reconstruction and Development (EBRD) has announced it will no longer finance coal-fired power except in "rare circumstances" when there are no alternatives.
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Danish pension fund invests in wind project through export credit agency
11 December 2013Pension fund PFA has invested DKK240 million ($45 million) in an Irish wind farm through Danish export credit agency EKF.
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UBS fund takes 50% stake in EDF's Texan wind farm
11 December 2013UBS International Infrastructure Fund is to buy a 50% equity stake in a 161MW Texas wind farm from EDF Renewable Energy for an undisclosed sum.
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Backloading plans pass important hurdle
10 December 2013Plans to boost prices in the EU's carbon market cleared a significant hurdle today after they were given the green light by members of the European Parliament.
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IIRC launches integrated reporting framework
10 December 2013A framework to help companies expand their reports beyond financial metrics and include measures of sustainability has been launched, marking "an important milestone" in the evolution of 'integrated reporting'.
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Swedish pension fund invests SEK2bn to reduce fossil fuel exposure
10 December 2013One of Sweden's largest pension funds has invested SEK2 billion ($307 million) in a fund to lower its exposure to fossil fuels, and will ramp up its investment in low-carbon equity strategies to SEK6 billion by the end of the year.
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EIB makes €50m equity investment in renewables fund
09 December 2013The European Investment Bank (EIB) has committed €50 million ($69 million) to a fund that invests in European renewable energy.
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